Ministry opposes steel region plans
HA NOI (VNS)- The Planning and Investment Ministry recently sent a document to the Government Office, saying that it disagreed with a proposal to set up the Vung Ang special steel economic region. The proposal has been put forward by According to the ministry, the The protection of the steel industry and the tugboat service trading were being considered by authorised agencies, it said. The establishment of the special region was aimed at building the Son Duong deep-water port, and ensuring investment in the related industrial sectors of steel and electricity to promote industrial investment, the Hung Nghiep Formosa Ha Tinh Steel Company explained in its official letter which was submitted to Deputy Prime Minister Hoang Trung Hai earlier. The Government had agreed to offer import tax incentives to the project earlier, to create favourable conditions for its implementation. These include exemption from paying import taxes on a number of machines and equipment, creating fixed assets for the giant steel and port project and exemption paying from the natural resource tax for its process of removing sand to level the project surface. The steel project was considered one of |
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